Trimble Inc. (NASDAQ:TRMB) Shares Bought by Liberty Capital Management Inc.

Liberty Capital Management Inc. raised its position in Trimble Inc. (NASDAQ:TRMB) by 1.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,425 shares of the scientific and technical instruments company’s stock after acquiring an additional 454 shares during the period. Liberty Capital Management Inc.’s holdings in Trimble were worth $1,517,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Tobam purchased a new position in shares of Trimble in the first quarter worth $35,000. GPS Wealth Strategies Group LLC raised its holdings in shares of Trimble by 303.2% in the second quarter. GPS Wealth Strategies Group LLC now owns 637 shares of the scientific and technical instruments company’s stock worth $36,000 after buying an additional 479 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Trimble by 96.0% in the second quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company’s stock worth $36,000 after buying an additional 313 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Trimble in the second quarter worth $48,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Trimble in the second quarter worth $52,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Robert W. Baird raised their price target on shares of Trimble from $65.00 to $66.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. lifted their price objective on shares of Trimble from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Oppenheimer reaffirmed an “outperform” rating and issued a $72.00 price objective on shares of Trimble in a report on Wednesday, August 7th. Piper Sandler reaffirmed an “overweight” rating and issued a $73.00 price objective on shares of Trimble in a report on Monday, August 19th. Finally, StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.67.

Trimble Stock Down 0.9 %

Shares of NASDAQ TRMB opened at $60.21 on Wednesday. The company’s 50-day simple moving average is $58.40 and its 200-day simple moving average is $57.12. Trimble Inc. has a 52-week low of $39.57 and a 52-week high of $65.55. The firm has a market cap of $14.70 billion, a price-to-earnings ratio of 9.84, a price-to-earnings-growth ratio of 2.77 and a beta of 1.49. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.25.

Trimble (NASDAQ:TRMB) last announced its earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.04. Trimble had a net margin of 40.70% and a return on equity of 10.94%. The business had revenue of $870.80 million for the quarter, compared to analyst estimates of $862.50 million. During the same quarter last year, the business earned $0.51 earnings per share. The company’s revenue for the quarter was down 12.4% compared to the same quarter last year. Equities analysts predict that Trimble Inc. will post 2.23 EPS for the current fiscal year.

About Trimble

Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company's Buildings and Infrastructure segment offers field and office software for project design and visualization; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades.